807 N 49th St

Seattle, WA 98103

$1,075,000
Price
5
Beds
5
Baths
—Sq. Ft.
— / Sq. Ft.
—
Sq. Ft.
—
per Sq. Ft.
Get preapproved with Rocket Mortgage1
New
New
Listing provided courtesy of Blake Investment Advisors
Source: Northwest MLS

Description

TOWNHOUSE REDEVELOPMENT OPPORTUNITY NEAR FREMONT/WALLINGFORD/GREENLAKE | 4,000 SF LOT WITh LR2 (M) ZONING 807 N 49th St is located just blocks from the Woodland Park Zoo, this 4,000 square foot lot is zoned LR2 (M), a highly desirable zoning code for townhome and small-scale multifamily development. Historically, LR-zoned sites were subject to unit-count density caps that limited overall development potential. However, with the implementation of HB 1110 in June 2025, those constraints have been removed...TOWNHOUSE REDEVELOPMENT OPPORTUNITY NEAR FREMONT/WALLINGFORD/GREENLAKE | 4,000 SF LOT WITh LR2 (M) ZONING 807 N 49th St is located just blocks from the Woodland Park Zoo, this 4,000 square foot lot is zoned LR2 (M), a highly desirable zoning code for townhome and small-scale multifamily development. Historically, LR-zoned sites were subject to unit-count density caps that limited overall development potential. However, with the implementation of HB 1110 in June 2025, those constraints have been removed in favor of a building envelope driven by FAR, height, and setback standards, meaning the total buildable size is now the primary limitation rather than the number of units. This shift allows developers to increase unit count through more efficient design, creating a more compelling development opportunity for 4+ luxury townhomes (buyer to verify) with skyline views in one of Seattle’s most sought-after neighborhoods. The existing structure on the site currently operates as a 5 Unit apartment building producing $50,311 in annual net operating income.
  1. Listed by Gabe Blake • Blake Investment Advisors
    P: (206)-618-2207 gabe@blakeia.com
  2. Listed by Josh Blake • Blake Investment Advisors
    P: (206)-618-2207 josh@Blakeia.com

Property Details for 807 North 49th Street

Community Name
Woodland Park
School District
Seattle
Number of Assigned Spaces
0
Total Covered Parking
0
Entry Date
04-14-2026
Energy Source
Electric
Sewer
Sewer Connected
LISTING UPDATED: 04/14/2026 03:13 PM

Property Details for 807 North 49th Street

StatusActive
MLS #2503470
Days on MarketListed Today
Cumulative Days on Market0
Taxes$10,952 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income
Year Built1911
Lot Size0.09 AC / 4,000 SF
CountyKing County
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Location

Listing Courtesy of Blake Investment Advisors
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Building Information for 807 North 49th Street

Stories3Residences5Year Built1911Building Size-Lot Size0.09 AC / 4,000 SF

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$6,326 per month

30 year fixed, 6.46% Interest

Principal and Interest

$5,413

Property Taxes

$913

HOA Dues

$0

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Property Information for 807 North 49th Street

Summary
Location and General Information
  • Style: 55 - 5-9 Units
  • Area: 705 - Ballard/Greenlake
  • Effective Year Built Source: Public Records
  • Directions: Take Exit 169 (NE 45th St) Head west on NE 45th St toward Wallingford Turn right on Meridian Ave N Continue north for about 4 blocks Turn left on N 49th St 807 N 49th St will be on your right
  • Leased Items: None
  • Property Sub Type: MULT
  • View: No
  • Waterfront: No
Taxes and HOA Information
  • Tax Year: 2026
Parking
  • Garage Spaces: 0.0
  • Number of Carport Spaces: 0.0
  • Carport: No
  • Open Parking: No
Interior and Exterior Features
Bathroom Information
  • Full Baths Upper: 0
  • Three Quarter Baths Upper: 0
  • Half Baths Upper: 0
  • Main Level Bathrooms: 0
Bedroom Information
  • Bedrooms Upper: 0
Interior Features
  • Fireplaces Total: 0
  • Floor Covering: Vinyl Plank
  • Amenities: Coin Op Laundry
  • Cooling: No
  • Cooling: None
  • Fireplace: No
  • Heating: Yes
  • Heating: Forced Air
  • FIRPTA: No
Exterior Features
  • Exterior: Wood Products
  • Roof: Composition
Property
Utilities
  • Water/Sewer/Garbage: 9800
  • Power Production Type: Electric
Property and Assessments
  • New Construction YN: No
  • Zoning Jurisdiction: City
  • Zoning Remarks: Multi-Family
  • First Right Of Refusal: false
  • Possible Use: Multi-Family
  • Preliminary Title Ordered: Yes
  • Senior Community: No
  • Special Listing Conditions: None
  • Year Built Effective: 1985
  • Photos Count: 23
Lot Information
  • Lot Size Source: King County
  • Parcel Number Free Text: 9521100995
  • Building Condition: Fair
  • Calculated Square Footage: 0
  • Structure Type: Multi Family
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0
  • Building Area Total: 0.0
  • Building Area Units: Square Feet
  • Property Type: Residential Income
  • Elevation Units: Feet
  • Irrigation Water Rights: No
Multi Family
Building Details
  • Total Uncovered Parking: 0
  • Number of Stories in Building: 3
  • Vacancy Rate: 5
  • Number Of Units Total: 5
  • Units Below Grade: false
  • Units In Building Total: 5
Financing / Income and Expenses
  • Electric Expense: $0
  • Total Expenses: 30002
  • Gross Adjusted Income: 80313
  • Gross Rent Multiplier: 12.71
  • Gross Scheduled Income: $84,540
  • Insurance Expense: $2,500
  • Net Operating Income: $50,311
  • Other Expenses: $6,750
  • Total Monthly Income: 7045
  • Fuel Expense: $0
Unit 1
  • Name Unit 1: 1
  • Square Feet Unit 1: 400
  • Rent Unit 1: $1,250.00
  • Bedrooms Unit 1: 0
  • Bathrooms Unit 1: 1
Unit 2
  • Name Unit 2: 2
  • Square Feet Unit 2: 500
  • Rent Unit 2: $1,650.00
  • Bedrooms Unit 2: 1
  • Bathrooms Unit 2: 1
Unit 3
  • Name Unit 3: 3
  • Square Feet Unit 3: 500
  • Rent Unit 3: $1,685.00
  • Bedrooms Unit 3: 1
  • Bathrooms Unit 3: 1
Unit 4
  • Name Unit 4: 4
  • Square Feet Unit 4: 400
  • Rent Unit 4: $1,260.00
  • Bedrooms Unit 4: 1
  • Bathrooms Unit 4: 1
Unit 5
  • Name Unit 5: 5
  • Square Feet Unit 5: 760
  • Rent Unit 5: $1,200.00
  • Bedrooms Unit 5: 2
  • Bathrooms Unit 5: 1
Rental
Rent Information
  • Occupant Type: Tenant
  • Leasable Area: 2560.0

Property History for 807 North 49th Street

DateEvent & SourcePriceAppreciation
Apr 14, 2026

Listed (Active)

NWMLS #2503470

$1,075,000—
Apr 14, 2026

Listed (Active)

NWMLS #2507351

$1,075,000—
Apr 28, 2020

Sold (Public Record)

Public Record #666652457

$950,000—
Apr 28, 2020

Sold (Public Record)

Public Record #666802612

$950,000

+5.0% / yr

Jul 6, 2004

Sold (Public Record)

Public Record #137293013

$440,000—
DateEvent & SourcePrice
04/14/2026

Listed (Active)

NWMLS #2503470

$1,075,000
04/14/2026

Listed (Active)

NWMLS #2507351

$1,075,000
04/28/2020

Sold (Public Record)

Public Record #666652457

$950,000
04/28/2020

Sold (Public Record)

Public Record #666802612

$950,000

+5.0% / yr

07/06/2004

Sold (Public Record)

Public Record #137293013

$440,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 807 North 49th Street

Taxable ValueLand$880,000Additions$101,000Total$981,000
Tax Record2024$19,193 ($1,599 / month)
Home Facts
Total Finished SqFt2,210 SqFtAbove Ground SqFt2,210 SqFtStories2Lot Size4,000 SqFtStyleMulti-Family Dwelling (2-4)Year Built1911Year Renovated1985ZoningLR2 (M)CountyKINGAPN952110-0995Fireplace TypeBacked

Schools near 807 North 49th Street

This home is within Seattle Public Schools.
Rating
School
Type
Grades
Distance
B F Day Elementary School
Public - PK to 5
Hamilton International Middle School
Public - 6 to 8
Lincoln High School
Public - 9 to 12
McDonald International School
Public - K to 5
Rating
School
Distance
B F Day Elementary School
PublicPK to 5

Hamilton International Middle School
Public6 to 8

Lincoln High School
Public9 to 12

McDonald International School
PublicK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 807 North 49th Street, Seattle, WA 98103

807 North 49th Street is a multi-family home for sale in Seattle, WA 98103. This property was listed for sale on April 14, 2026 by Blake Investment Advisors, it's currently listed at $1,075,000. It has been on the market for a total of 0 days and was last sold on April 28, 2020. This listing's school district is Seattle Public Schools. Nearby schools include B F Day Elementary School, Hamilton International Middle School and Lincoln High School. 807 North 49th Street is a 5-bed, 5-bath, multi-family home built in 1911.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Blake Investment Advisors

Based on information submitted to the MLS GRID as of 04/14/2026 03:13 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. Use of the MLS GRID data may be subject to an end user license agreement prescribed by the applicable MLS of the Member Participant, if any, and as amended from time to time.